Coral Laboratories Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 180.78 million compared to INR 247.27 million a year ago. Revenue was INR 195.17 million compared to INR 262.27 million a year ago. Net income was INR 21.56 million compared to INR 8.58 million a year ago. Basic earnings per share from continuing operations was INR 6.04 compared to INR 2.4 a year ago.
For the nine months, sales was INR 547.74 million compared to INR 666.81 million a year ago. Revenue was INR 593.14 million compared to INR 724.15 million a year ago. Net income was INR 100.02 million compared to INR 73.38 million a year ago. Basic earnings per share from continuing operations was INR 28 compared to INR 20.54 a year ago.